TransAlta (TA.TO) Stock Price

TransAlta Price

TSX·CLOSED
17.56CAD-0.48 (-2.70 %)
Market closed

Revenue at TransAlta has contracted by 0.8% per year over the past 19 years to 2.41 B CAD. Earnings per share have grown at 7.1% per year over the last 18 years. TransAlta's net margin stands at -5.7%, up from -19.7% several years earlier. TransAlta currently offers a dividend yield of about 1.45%. Analysts set a median price target of 24.48 CAD, implying 39.4% above the current price. Of 18 analysts, 14 rate the stock a buy — an overall Buy consensus. The stock trades about 8% above its 52-week low.

TransAlta stock price

Volume
Ex-Dividend
Details

Stock Price

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How to Read This Chart

This chart tracks the historical stock price of TransAlta over time. You can switch between daily, weekly, and monthly views and select custom time ranges — from a single day to the full available history. Use the toggle to view price changes in absolute currency terms or as a percentage change relative to the starting date.

Total Return vs. Price Return

The "Total Return" toggle includes reinvested dividends on top of the pure price movement. This is critical because dividends can account for a significant portion of long-term returns. Historically, roughly 40 % of the S&P 500's total return has come from dividends. Always compare total return when evaluating a stock's real performance against a benchmark.

Intraday Price Data

When viewing a one-day time frame, the chart displays real-time intraday price movements. This is useful for observing how TransAlta stock reacts to market openings, earnings releases, or breaking news throughout the trading session.

What to Look For

Look for long-term trends (sustained upward or downward movements over months and years), support and resistance levels (price zones where the stock repeatedly bounces or reverses), and volatility (how much the price fluctuates day to day). Comparing TransAlta's price chart to a market index like the S&P 500 can reveal whether the stock is outperforming or underperforming the broader market.

TransAlta Stock Price History
DateTransAlta Price
7/31/202617.56 CAD
7/30/202618.04 CAD
7/29/202617.41 CAD
7/27/202618.85 CAD
7/23/202619.88 CAD
7/22/202619.76 CAD
7/21/202619.71 CAD
7/20/202619.32 CAD
7/17/202618.61 CAD
7/16/202618.59 CAD
7/15/202619.15 CAD
7/14/202619.59 CAD
7/13/202619.98 CAD
7/10/202620.15 CAD
7/9/202620.54 CAD
7/8/202620.05 CAD
7/7/202620.00 CAD
7/6/202619.28 CAD
7/3/202619.58 CAD
7/2/202619.26 CAD
6/30/202619.62 CAD
6/29/202619.26 CAD
6/26/202619.57 CAD
6/25/202619.59 CAD
6/24/202619.47 CAD
6/23/202619.51 CAD
6/22/202619.64 CAD
6/19/202619.54 CAD
6/18/202619.44 CAD
6/17/202619.27 CAD
6/16/202618.86 CAD
6/15/202618.88 CAD
6/12/202618.90 CAD
6/11/202618.68 CAD
6/10/202617.13 CAD
6/9/202617.40 CAD
6/8/202617.47 CAD
6/5/202618.08 CAD
6/4/202618.00 CAD
6/3/202620.45 CAD
6/2/202620.20 CAD
6/1/202619.44 CAD
5/29/202619.44 CAD
5/28/202619.31 CAD
5/27/202619.27 CAD
5/26/202619.30 CAD
5/25/202618.93 CAD
5/22/202618.77 CAD
5/21/202618.33 CAD
5/20/202617.66 CAD
5/19/202617.70 CAD
5/15/202617.63 CAD
5/14/202617.78 CAD
5/13/202617.46 CAD
5/12/202617.26 CAD
5/11/202617.48 CAD
5/8/202617.49 CAD
5/7/202617.45 CAD
5/6/202617.45 CAD
5/5/202617.20 CAD
5/4/202617.15 CAD
5/1/202616.94 CAD
4/30/202616.93 CAD
4/29/202616.45 CAD
4/28/202617.43 CAD
4/27/202617.17 CAD
4/24/202617.03 CAD
4/23/202616.55 CAD
4/22/202616.78 CAD
4/21/202616.64 CAD
4/20/202617.30 CAD
4/17/202617.36 CAD
4/16/202618.49 CAD
4/15/202618.73 CAD
4/14/202618.50 CAD
4/13/202618.87 CAD
4/10/202619.36 CAD
4/9/202619.13 CAD
4/8/202619.12 CAD
4/7/202618.87 CAD
4/6/202618.99 CAD
4/2/202618.76 CAD
3/27/202617.88 CAD
3/26/202617.93 CAD
3/25/202618.00 CAD
3/24/202617.60 CAD
3/23/202616.51 CAD
3/20/202616.22 CAD
3/19/202617.04 CAD
3/18/202617.04 CAD
3/17/202617.20 CAD
3/16/202617.07 CAD
3/13/202617.11 CAD
3/12/202617.41 CAD
3/11/202617.47 CAD
3/10/202617.31 CAD
3/9/202617.19 CAD
3/6/202617.30 CAD
3/5/202618.19 CAD
2/26/202617.80 CAD
2/25/202617.61 CAD
2/24/202617.87 CAD
2/23/202617.69 CAD
2/20/202618.48 CAD
2/19/202618.48 CAD
2/18/202618.38 CAD
2/16/202618.34 CAD
2/12/202618.50 CAD
2/11/202618.16 CAD
2/10/202618.34 CAD
2/9/202617.96 CAD
2/8/202618.44 CAD
2/5/202618.09 CAD
2/4/202616.92 CAD
2/3/202617.20 CAD
2/2/202617.85 CAD
2/1/202617.46 CAD
1/29/202617.40 CAD
1/28/202618.30 CAD
1/27/202618.87 CAD
1/26/202618.74 CAD
1/25/202617.62 CAD
1/22/202617.41 CAD
1/21/202617.21 CAD
1/20/202617.11 CAD
1/19/202617.85 CAD
1/18/202617.29 CAD
1/15/202617.45 CAD
1/14/202617.16 CAD
1/13/202616.81 CAD
1/12/202616.90 CAD
1/11/202616.92 CAD
1/8/202617.24 CAD
1/7/202616.91 CAD
1/6/202617.08 CAD
1/5/202617.56 CAD
1/4/202617.71 CAD
1/1/202617.86 CAD
12/30/202517.36 CAD
12/29/202517.34 CAD
12/28/202517.45 CAD
12/23/202517.44 CAD
12/22/202517.42 CAD
12/21/202517.16 CAD
12/18/202517.25 CAD
12/17/202517.32 CAD
12/16/202517.68 CAD
12/15/202518.69 CAD
12/14/202518.87 CAD
12/11/202519.08 CAD
12/10/202519.87 CAD
12/9/202519.96 CAD
12/8/202520.25 CAD
12/7/202519.56 CAD
12/4/202519.45 CAD
12/3/202519.88 CAD
12/2/202519.53 CAD
12/1/202519.66 CAD
11/30/202519.97 CAD
11/27/202520.32 CAD
11/26/202519.85 CAD
11/25/202519.74 CAD
11/24/202519.74 CAD
11/23/202520.03 CAD
11/20/202519.34 CAD
11/19/202519.54 CAD
11/18/202520.34 CAD
11/17/202520.18 CAD
11/16/202520.00 CAD
11/13/202520.46 CAD
11/12/202520.24 CAD
11/11/202521.38 CAD
11/10/202521.77 CAD
11/9/202522.10 CAD
11/6/202521.77 CAD
11/5/202521.13 CAD
11/4/202523.80 CAD
11/3/202523.51 CAD
11/2/202524.79 CAD
10/30/202524.79 CAD
10/29/202524.66 CAD
10/28/202524.73 CAD
10/27/202523.88 CAD
10/26/202523.80 CAD
10/23/202524.16 CAD
10/22/202524.11 CAD
10/21/202523.41 CAD
10/20/202523.41 CAD
10/19/202523.66 CAD
10/16/202523.20 CAD
10/15/202523.80 CAD
10/14/202523.92 CAD
10/13/202523.49 CAD
10/9/202521.82 CAD
10/8/202521.89 CAD
10/7/202521.77 CAD
10/6/202520.93 CAD
10/5/202520.47 CAD
10/2/202520.20 CAD
10/1/202519.15 CAD
9/30/202519.27 CAD
9/29/202519.01 CAD
9/28/202519.04 CAD
9/25/202518.98 CAD
9/24/202518.80 CAD
9/23/202518.96 CAD
9/22/202518.83 CAD
9/21/202519.15 CAD
9/18/202518.83 CAD
9/17/202518.60 CAD
9/16/202518.09 CAD
9/15/202517.76 CAD
9/14/202517.88 CAD
9/11/202517.51 CAD
9/10/202517.43 CAD
9/9/202517.58 CAD
9/8/202517.11 CAD
9/7/202516.99 CAD
9/4/202517.02 CAD
9/3/202516.76 CAD
9/2/202516.61 CAD
9/1/202516.70 CAD
8/28/202516.87 CAD
8/27/202517.34 CAD
8/26/202516.64 CAD
8/25/202516.93 CAD
8/24/202516.85 CAD
8/21/202516.75 CAD
8/20/202517.11 CAD
8/19/202517.05 CAD
8/18/202517.15 CAD
8/17/202517.28 CAD
8/14/202517.04 CAD
8/13/202517.27 CAD
8/12/202516.87 CAD
8/11/202516.90 CAD
8/10/202516.56 CAD
8/7/202516.63 CAD
8/6/202516.51 CAD
8/5/202516.74 CAD
8/4/202516.62 CAD
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TransAlta Revenue, EBIT, Net Income

  • 3 Years

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  • 25 Years

  • Max

Revenue
EBIT
Net Income
Details
Date
Revenue
EBIT
Net Income
Jan 1, 2023
3.36 B CAD
1.07 B CAD
695.00 M CAD
Jan 1, 2024
2.85 B CAD
585.00 M CAD
229.00 M CAD
Jan 1, 2025
2.41 B CAD
-222.00 M CAD
-138.00 M CAD
Jan 1, 2026 (e)
2.11 B CAD
400.56 M CAD
109.39 M CAD
Jan 1, 2027 (e)
2.30 B CAD
435.51 M CAD
155.56 M CAD
Jan 1, 2028 (e)
2.58 B CAD
489.31 M CAD
218.11 M CAD
Jan 1, 2029 (e)
2.12 B CAD
400.79 M CAD
286.49 M CAD
Jan 1, 2030 (e)
2.05 B CAD
388.11 M CAD
353.25 M CAD

TransAlta Income Statement, Balance Sheet, Cash Flow Statement

Last updated Aug 4, 2026, 7:08 PM
 
REVENUEB CAD
REVENUE GROWTH%
GROSS MARGIN%
GROSS INCOMEB CAD
EBITB CAD
EBIT MARGIN%
NET INCOMEM CAD
NET INCOME GROWTH%
DIV.CAD
DIV. GROWTH%
SHARESM
201520162017201820192020202120222023202420252026e2027e2028e2029e2030e
2.272.402.312.252.352.102.722.983.362.852.412.112.302.582.122.05
-13.575.73-3.75-2.514.36-10.4829.519.3712.74-15.20-15.43-12.148.7512.35-18.12-3.17
33.3039.4233.5528.1933.4931.4635.9437.4349.0040.0432.6332.6332.6332.6332.6332.63
0.760.950.770.630.790.660.981.111.641.140.790.690.750.840.690.67
0.150.480.140.160.34-0.10-0.190.531.070.59-0.220.400.440.490.400.39
6.5319.945.987.1114.27-4.71-7.0617.8432.0120.56-9.2318.9218.9218.9318.9118.95
22.00169.00-160.00-198.0082.00-287.00-537.0050.00695.00229.00-138.00109.00155.00218.00286.00353.00
-87.91668.18-194.6723.75-141.41-450.0087.11-109.311,290.00-67.05-160.26-178.9942.2040.6531.1923.43
0.720.160.160.160.160.170.190.210.220.240.260.280.290.30––
–-77.78–––6.255.8816.674.769.098.337.693.573.45––
288.00288.00288.00285.00277.00270.00271.00271.00308.00302.00297.00297.00297.00297.00297.00297.00
Details

Income Statement Key Figures

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Revenue and Revenue Growth

Revenue is the starting point of every income statement — it measures the total sales TransAlta generates from its core business. Revenue growth (expressed as year-over-year percentage change) is one of the most important indicators of business momentum. Sustained growth above 10 % annually is generally considered strong, while declining revenue is a serious warning sign that demands investigation.

Gross Margin

Gross margin = (Revenue − Cost of Goods Sold) ÷ Revenue. It reveals what percentage of each dollar of revenue TransAlta retains after direct production costs. High gross margins (above 50 %) are typical of asset-light businesses like software and brands, while capital-intensive industries like manufacturing often operate below 30 %. Compare TransAlta's gross margin to industry peers and track it over time to spot improving or deteriorating pricing power.

EBIT and EBIT Margin

EBIT measures operating profit — what remains after subtracting all operating expenses (including R&D, sales, and administrative costs) from gross profit. The EBIT margin shows this as a percentage of revenue. Because it excludes interest and taxes, EBIT allows fair comparisons between companies with different debt levels and tax jurisdictions. A rising EBIT margin indicates improving operational efficiency.

Net Income and Earnings Per Share (EPS)

Net income is the company's final profit after all expenses, interest, and taxes. Dividing net income by the number of shares outstanding gives you EPS — the single most influential metric in stock valuation. Consistent EPS growth is the primary driver of long-term stock price appreciation. Always check whether EPS growth comes from genuine profit improvement or from share buybacks reducing the share count.

Shares Outstanding

The total number of shares TransAlta has issued. A declining share count (through buybacks) boosts EPS and signals management confidence. A rising share count (through stock issuance) dilutes existing shareholders. Always monitor this number alongside EPS to get the full picture of per-share value creation.

Analyst Estimates

The projected figures represent consensus estimates from professional analysts. Compare these forecasts against TransAlta's historical growth rates to assess whether expectations are realistic. A company that consistently beats consensus estimates tends to see its stock price rewarded over time, while repeated misses erode investor confidence.

TransAlta stock margins

The TransAlta margin analysis displays the gross margin, EBIT margin, as well as the profit margin of TransAlta. The EBIT margin (EBIT/sales) indicates the percentage of sales that remains as operating profit. The profit margin shows the percentage of sales that remains for TransAlta.

  • 3 Years

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  • Max

Gross margin
EBIT margin
Profit margin
Details
Date
Gross margin
EBIT margin
Profit margin
Jan 1, 2021
35.94 %
-7.06 %
-19.74 %
Jan 1, 2022
37.43 %
17.84 %
1.68 %
Jan 1, 2023
49.00 %
32.01 %
20.72 %
Jan 1, 2024
40.04 %
20.56 %
8.05 %
Jan 1, 2025
32.63 %
-9.23 %
-5.74 %
Jan 1, 2026 (e)
32.63 %
18.94 %
5.17 %
Jan 1, 2027 (e)
32.63 %
18.94 %
6.77 %
Jan 1, 2028 (e)
32.63 %
18.94 %
8.44 %

TransAlta Stock Revenue, EBIT, Earnings per Share

The TransAlta earnings per share therefore indicates how much revenue TransAlta has generated per share in a given period. The earnings before interest and taxes per share shows how much of the operating profit corresponds to each share. The earnings per share indicates how much of the profit belongs to each share.

  • 3 Years

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  • Max

Revenue per Share
EBIT per share
Earnings per Share
Details
Date
Revenue per Share
EBIT per share
Earnings per Share
Jan 1, 2021
10.04 CAD
-0.71 CAD
-1.98 CAD
Jan 1, 2022
10.98 CAD
1.96 CAD
0.18 CAD
Jan 1, 2023
10.89 CAD
3.49 CAD
2.26 CAD
Jan 1, 2024
9.42 CAD
1.94 CAD
0.76 CAD
Jan 1, 2025
8.10 CAD
-0.75 CAD
-0.46 CAD
Jan 1, 2026 (e)
7.12 CAD
1.35 CAD
0.37 CAD
Jan 1, 2027 (e)
7.74 CAD
1.47 CAD
0.52 CAD
Jan 1, 2028 (e)
8.70 CAD
1.65 CAD
0.73 CAD

TransAlta business model & stock analysis

TransAlta Corp is a Canadian company that operates in the energy industry. It was founded in 1911 and has its headquarters in Calgary, Alberta. The company specializes in the generation, transmission, and distribution of energy and is a key player in the Canadian market. Business model: TransAlta Corp's business model is based on the construction and operation of energy generation facilities as well as the delivery of electricity to end customers. The company relies on a broad diversification of its portfolio to cover as many areas of the energy market as possible. TransAlta Corp operates its facilities through its own capacities as well as through joint ventures with other companies. Segments: TransAlta Corp operates in three main segments: power generation, renewable energy, and energy supply. The power generation segment includes the production of electricity from fossil fuels such as coal and gas. Here, TransAlta Corp operates various power plants throughout Canada, including large power plants and smaller facilities. On the other hand, TransAlta Corp's renewable energy segment focuses on the generation of electricity from renewable resources such as wind, solar, and water. The company operates a number of wind farms and hydroelectric power plants in Canada. Under the energy supply segment, TransAlta Corp offers electricity deliveries and energy solutions. The company also works with other providers of electricity infrastructure to develop customized solutions for its customers. Products: TransAlta Corp offers various products in the energy sector, including electricity from renewable sources such as wind, solar, and water. In addition, the company also provides natural gas and coal-generated electricity. Furthermore, customers of TransAlta Corp can access various energy solutions and services. History: TransAlta Corp has a long history dating back to 1911. It started as the Calgary Power Company, which began the construction of electricity plants in Alberta. After World War II, the company expanded its portfolio through the acquisition of other power providers in western Canada. Over the years, the company built more and more facilities and expanded its business. In the 1990s, Calgary Power Company underwent a transformation and changed its name to TransAlta Energy Corporation. The company expanded its business model to integrate the generation of electricity from renewable sources such as wind and solar. Today, the company is one of Canada's leading energy companies and a key player in renewable energy generation. Conclusion: Overall, TransAlta Corp is a significant player in the energy market in Canada and a key actor in renewable energy generation. The broad diversification of its portfolio and collaborations with other companies in the energy sector allow the company to develop customized solutions for its customers.

TransAlta SWOT Analysis

Strengths

TransAlta Corp benefits from several strengths that contribute to its success in the market:

  • Strong market presence and brand recognition
  • Diversified portfolio of power generation assets
  • Advanced technology and infrastructure
  • Experienced and skilled workforce
  • Long-standing relationships with key customers and suppliers

Weaknesses

Despite its strengths, TransAlta Corp faces certain weaknesses that can hinder its growth:

  • Dependence on natural resources for power generation
  • Vulnerability to fluctuations in commodity prices
  • High debt levels
  • Operational and regulatory risks in multiple jurisdictions

Opportunities

TransAlta Corp can capitalize on the following opportunities for future growth:

  • Increasing demand for renewable energy sources
  • Growing emphasis on sustainability and clean energy solutions
  • Potential for strategic partnerships and collaborations
  • Expanding into new markets and geographical regions

Threats

Several external factors pose threats to TransAlta Corp's business operations:

  • Intense competition in the power generation industry
  • Fluctuating government policies and regulations
  • Uncertainty surrounding international trade agreements
  • Technological advancements and disruption in the energy sector

TransAlta Eulerpool Fair Value

Details

Fair Value Estimate

ⓘ

What Is Fair Value?

Fair value is an estimate of what a stock is truly "worth" based on its financial fundamentals, independent of the current market price. If the calculated fair value is above the current share price, the stock may be undervalued — and vice versa. This chart shows three different fair value approaches so you can cross-check them against each other.

Earnings-Based Fair Value

Calculated by multiplying the current earnings per share (EPS) by the average historical P/E ratio over a selected multi-year period. The smoothing over several years filters out temporary spikes or dips. If this fair value exceeds the market price, it suggests the stock is cheap relative to its earning power.

Example: Fair Value (Earnings) 2022 = EPS 2022 × Average P/E 2019–2021

Revenue-Based Fair Value

Derived by multiplying revenue per share by the average historical price-to-sales ratio. This method is particularly useful for companies with volatile or temporarily depressed earnings, as revenue tends to be more stable than profits. It answers: "At what price has the market historically valued each dollar of this company's sales?"

Example: Fair Value (Revenue) 2022 = Revenue per Share 2022 × Average P/S 2019–2021

Dividend-Based Fair Value

Calculated by dividing the dividend per share by the average historical dividend yield. This approach is most relevant for mature, consistently dividend-paying companies. If the resulting fair value is higher than the current price, it implies the stock offers a better yield than its historical average.

Example: Fair Value (Dividend) 2022 = Dividend per Share 2022 ÷ Average Yield 2019–2021

How to Use This Chart

When all three fair value lines converge above the current price, it strengthens the case that the stock is undervalued. When they diverge, investigate why — it may indicate a structural shift in margins, payout policy, or growth rate. The forward estimates on the right extend the analysis using projected fundamentals, helping you assess whether the current price already reflects future growth expectations.

TransAlta historical P/E ratio, EBIT multiple, and P/S ratio

TransAlta annual returns

Details

Annual Return

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What This Chart Shows

This chart breaks down 's total annual return into two components: price return (gains or losses from stock price movement) and dividend return (income received from dividend payments). Together, they represent the total return an investor would have earned in each calendar year.

Price Return

Price return measures the percentage change in 's stock price from January 1st to December 31st of each year. Positive bars indicate the stock appreciated; negative bars show a decline. This is the component most investors focus on, but it tells only part of the story — especially for dividend-paying stocks.

Dividend Return

Dividend return represents the income generated from dividends paid during the year, expressed as a percentage of the starting stock price. While it may seem small in any single year (typically 1–4 % for established companies), dividends compound significantly over decades and have historically contributed roughly 40 % of total stock market returns.

What to Look For

Examine how many years showed positive vs. negative returns to gauge consistency. A stock with mostly positive years and small drawdowns suggests lower risk. Also compare 's annual returns to a benchmark index — consistently outperforming the market is a hallmark of a strong investment. Pay attention to the worst years: understanding downside risk is just as important as chasing upside potential.

TransAlta shares outstanding

The number of shares of TransAlta was 297 M in 2025. This indicates how many shares TransAlta is divided into. Since shareholders are the owners of a company, each share represents a small portion of the company's ownership.

  • 3 Years

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  • 25 Years

  • Max

Number of stocks
Details
Date
Number of stocks
Jan 1, 2021
271.00 M Stocks
Jan 1, 2022
271.00 M Stocks
Jan 1, 2023
308.00 M Stocks
Jan 1, 2024
302.00 M Stocks
Jan 1, 2025
297.00 M Stocks
Jan 1, 2026 (e)
297.00 M Stocks
Jan 1, 2027 (e)
297.00 M Stocks
Jan 1, 2028 (e)
297.00 M Stocks

TransAlta Dividend History

38 years of dividend payments · 6 consecutive increases

YearAnnual DividendYoY ChangePayments
20260.14CADYTD—2×
Feb 27, 20260.07CAD 0.0%1/2
Jun 1, 20260.07CAD↑ 7.7%2/2
20250.26CAD↑ 6.3%4×
Feb 28, 20250.06CAD 0.0%1/4
May 30, 20250.07CAD↑ 8.3%2/4
Aug 29, 20250.07CAD 0.0%3/4
Dec 1, 20250.07CAD 0.0%4/4
20240.24CAD↑ 9.1%4×
20230.22CAD↑ 7.3%4×
20220.21CAD↑ 10.8%4×
20210.19CAD↑ 8.8%4×
20200.17CAD↑ 6.3%4×
20190.16CAD 0.0%4×
20180.16CAD 0.0%4×
20170.16CAD 0.0%4×

TransAlta dividend history and estimates

In 2025, TransAlta paid a dividend amounting to 0.26 CAD. Dividend means that TransAlta distributes a portion of its profits to its owners.

  • 3 Years

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  • Max

Dividend
Dividend (Estimate)
Details
Date
Dividend
Dividend (Estimate)
Jan 1, 2021
0.19 CAD
0.00 CAD
Jan 1, 2022
0.21 CAD
0.00 CAD
Jan 1, 2023
0.22 CAD
0.00 CAD
Jan 1, 2024
0.24 CAD
0.00 CAD
Jan 1, 2025
0.26 CAD
0.00 CAD
Jan 1, 2026 (e)
0.07 CAD
0.21 CAD
Jan 1, 2027 (e)
0.00 CAD
0.29 CAD
Jan 1, 2028 (e)
0.00 CAD
0.30 CAD

TransAlta dividend payout ratio

In 2025, TransAlta had a payout ratio of -54.88%. The payout ratio indicates the percentage of the company's profits that TransAlta distributes as dividends.

  • 3 Years

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  • Max

Payout ratio
Details
Date
Payout ratio
Jan 1, 2021
-9.34 %
Jan 1, 2022
111.11 %
Jan 1, 2023
9.75 %
Jan 1, 2024
31.65 %
Jan 1, 2025
-54.88 %
Jan 1, 2026 (e)
76.02 %
Jan 1, 2027 (e)
55.53 %
Jan 1, 2028 (e)
41.14 %

Current TransAlta forecasts and price targets in August 2026

Analyst Price Targets 2026
Δ MOM Price Target
0.00 %
Buy
77.78 % (14)
Hold
16.67 % (3)
Sell
5.56 % (1)
12M Price Target
24.48
Last Price
17.56
Currency
CAD
12M Return Potential
39.41 %
LTM Return
0 %

TransAlta Analyst Rating Actions

DateFirmActionRatingReliability
3/24/2026
RBC Capital
RBC Capital
MaintainedOutperform52
10/14/2025
Jefferies
Jefferies
MaintainedBuy47
8/5/2025
TD Securities
TD Securities
MaintainedBuy–
7/18/2025
Scotiabank
Scotiabank
UpgradeSector PerformSector Outperform75
5/8/2025
RBC Capital
RBC Capital
MaintainedOutperform52
2/18/2025
CIBC
CIBC
UpgradeNeutralOutperform–
12/16/2022
RBC Capital
RBC Capital
MaintainedOutperform52
2/10/2020
RBC Capital
RBC Capital
UpgradeSector PerformOutperform52
1/16/2020
Credit Suisse
Credit Suisse
UpgradeNeutralOutperform–
1/23/2019
National Bank Financial Inc
National Bank Financial Inc
UpgradeSector PerformOutperform–

Eulerpool Reliability Score (0–100): measures how often a firm’s bullish or bearish calls were directionally correct three months later, blended with the average return following its calls. Every rating we record is stored permanently and scores update continuously; firms with fewer than 3 measured calls are not scored yet.

TransAlta Earnings Calls

2025

TransAlta Earnings Estimates & Surprises

DateEPS estimateEPS ActualRevenue EstimatePrice reactionQuarterly report
5/3/20240.13CAD-718.63 MCAD-2024 Q1
2/21/20240.32CAD-656.32 MCAD-2023 Q4
8/3/20230.14CAD-419.86 MCAD-2023 Q2
5/4/20230.21CAD-517.32 MCAD-2023 Q1
2/22/20230.20CAD-603.33 MCAD-2022 Q4
11/8/20220.30CAD-575.81 MCAD-2022 Q3
8/5/20220.13CAD-425.28 MCAD-2022 Q2
5/6/20220.11CAD-555.58 MCAD-2022 Q1
2/24/20220.07CAD-473.03 MCAD-2021 Q4
11/9/20210.14CAD-534.43 MCAD-2021 Q3
...

EESG©

Eulerpool ESG Scorecard© for the TransAlta stock

76/100
99
Environment
83
Social
46
Governance
E

Environment

20
Scope 1 - Direct Emissions10,871,000
Scope 2 - Indirect emissions from purchased energy53,000
Scope 3 - Indirect emissions within the value chain3,747,000
Total CO₂ emissions10,924,000
CO₂ reduction strategy
Coal energy
Nuclear power
Animal experiments
Fur & Leather—
Pesticides—
Palm Oil—
Tobacco
Genetically modified organisms
Climate concept—
Sustainable forestry—
Recycling regulations
Environmentally friendly packaging
Hazardous substances
Fuel consumption and efficiency
Water consumption and efficiency
S

Social

20
Percentage of female employees27
Percentage of women in management—
Percentage of Asian employees—
Share of Asian management—
Percentage of Hispanic/Latino employees—
Hispano/Latino Management share—
Percentage of Black employees—
Black Management Share—
Percentage of white employees—
White Management Share—
Adult content
Alcohol
Weapons—
Firearms
Gambling
Military contracts
Human rights concept
Privacy concept—
Occupational health and safety
Catholic
G

Governance (Corporate Governance)

4
Environmental reporting
Stakeholder Engagement
Call Back Policies
Antitrust law

The Eulerpool ESG Scorecard© is the strictly copyrighted intellectual property of Eulerpool Research Systems. Any unauthorized use, imitation, or infringement will be actively pursued and may lead to significant legal consequences. For licenses, collaborations, or usage rights, please contact us directly via our contact form. Contact Form to us.

TransAlta shareholder structure

% Name
11.93805%
Brookfield Asset Management, Inc.
Brookfield Asset Management, Inc.
10.28493%
RBC Global Asset Management Inc.
RBC Global Asset Management Inc.
5.06162%
Marquard & Bahls AG
Marquard & Bahls AG
3.70040%
CIBC Asset Management Inc.
CIBC Asset Management Inc.
2.73538%
The Vanguard Group, Inc.
The Vanguard Group, Inc.
2.07937%
Rubric Capital Management LP
Rubric Capital Management LP
...

TransAlta Beneficial Ownership Filings (SEC 13D/G)

Free Float
78.9%
Float Shares
-
Shares Outstanding
-

TransAlta Executives and Management Board

20 members · avg. age 59 · 40 % women

JK

Mr. John Kousinioris (58)

President, Chief Executive Officer, Director · since 2012

6.51 M CAD

Management

MN

Mr. Michael Novelli

Executive Vice President - Generation

2.15 M CAD
TS

Mr. Todd Stack (55)

Chief Financial Officer, Executive Vice President - Finance · since 2019

1.98 M CAD
KW

Ms. Kerry O'Reilly Wilks (44)

Executive Vice President - Legal, Commercial & External Affairs

1.82 M CAD
JF

Ms. Jane Fedoretz

Executive Vice President - People, Talent and Transformation

1.82 M CAD
BM

Mr. Blain van Melle

Executive Vice President, Alberta Business

–
AW

Mr. Aron Willis (45)

Executive Vice President - Growth

–

Board of Directors

JD

Mr. John Dielwart (69)

Independent Chairman of the Board

333,000.00 CAD
BP

Ms. Beverlee Park (60)

Independent Director

223,000.00 CAD
BP

Mr. Bryan Pinney (69)

Independent Director

223,000.00 CAD
AF

Mr. Alan Fohrer (71)

Independent Director

204,168.00 CAD
RA

Ms. Ronalee Ambrose (52)

Independent Director

176,500.00 CAD
SS

Ms. Sandra Sharman (59)

Independent Director

161,500.00 CAD

TransAlta Supply Chain

TransAlta Supply Chain

Correlation: how closely stock prices move together

Same directionNo relationOpposite
14 companies
#Nameβ 1YTrend
1
Microsoft
Customer·Software·US
-0.08
-0.41
-0.42
0.27
0.68
0.91
0.42
2
Siemens
Supplier·Industrial Conglomerates·DE
0.28
0.09
-0.37
0.24
0.19
0.84
0.17
3
CK Infra Holdings
Supplier·Customer·Electric Utilities·HK
0.77
0.54
0.52
-0.12
-0.03
0.80
-0.02
4
Southern
Supplier·Customer·Electric Utilities·US
0.75
0.14
0.55
0.14
0.25
0.78
0.10
5
Suncor Energy
Customer·Oil, Gas & Consumable Fuels·CA
-0.41
0.07
0.32
-0.28
0.27
0.74
0.19
#Nameβ 1YTrend
1
Copperleaf Technologies
Supplier·Software·CA
0.70
-0.59
-0.69
0.12
—
—
—
2
Northern Star Resources
Customer·Metals & Mining·AU
0.46
0.26
-0.17
-0.34
-0.52
-0.89
—
3
Newmont Corp
Supplier·Customer·Metals & Mining·US
0.51
-0.25
0.01
-0.34
-0.26
-0.02
-0.23
4
Fortescue Metals Group
Customer·Metals & Mining·AU
-0.11
-0.26
0.80
0.19
-0.52
0.22
—
5
Vestas Wind Systems
Supplier·Electrical Equipment·DK
0.58
-0.30
-0.31
-0.12
-0.24
0.24
—

Frequently asked questions about TransAlta

The business model of TransAlta Corp revolves around power generation and energy solutions. As one of Canada's largest publicly traded power generators, TransAlta focuses on developing, acquiring, and operating a diversified portfolio of energy assets. It operates a fleet of power plants, including renewable energy sources and natural gas facilities. TransAlta also provides energy management services and solutions to commercial and industrial customers. With a commitment to sustainable practices, the company aims to deliver reliable and affordable power while reducing environmental impact. TransAlta Corp's business model emphasizes innovation, efficiency, and sustainability within the energy sector.

TransAlta Corp is primarily active in the energy sector.

The main competitors of TransAlta Corp in the market include companies such as Brookfield Renewable Partners, Capital Power Corporation, and Algonquin Power & Utilities Corp.

TransAlta Corp is a renowned Canadian energy company with a rich history and background. Founded in 1911, TransAlta has evolved into a leading power generation and energy marketing company. With headquarters in Calgary, Alberta, it operates across North America, generating electricity through a diverse portfolio of assets, including gas, coal, hydro, wind, and solar. TransAlta is committed to sustainable energy solutions, emphasizing renewable sources and reducing environmental impact. Over the years, the company has played a significant role in powering communities and driving economic growth. TransAlta Corp's dedication to innovation, reliability, and sustainability has solidified its position as a trusted leader in the energy sector.

TransAlta Corp has achieved significant milestones throughout its history. The company successfully completed the Alberta Clean Energy Initiative in 2004, positioning itself as a leader in clean energy production. In 2010, TransAlta formed an alliance with MidAmerican Energy Holdings Company, enhancing its global presence in power generation. Additionally, the company reached a major milestone in its transition to coal-free operations with the conversion of its coal-fired power plants to natural gas facilities. With a focus on sustainability, TransAlta has also made strides in renewable energy, including the development of wind energy projects. These milestones highlight TransAlta Corp's commitment to innovation, environmental stewardship, and its position as a prominent player in the energy industry.

TransAlta Corp is primarily present in Canada and the United States.

TransAlta Corp represents values of sustainable energy, operational excellence, and community engagement. The company focuses on providing clean, affordable, and reliable electricity to its customers. TransAlta emphasizes environmental stewardship by investing in renewable energy sources and reducing carbon emissions. Their corporate philosophy centers around transparency, integrity, and responsible business practices. By prioritizing innovation and operational efficiencies, TransAlta strives for long-term profitability and trusted partnerships. As a leading power generation company, TransAlta Corp remains committed to its mission of powering a sustainable future for all while delivering value to its stakeholders and communities.

Analysts currently set an average price target of 23.09 CAD for the TransAlta stock (median: 24.48 CAD), implying +31.5 % versus the latest price. The consensus is based on 18 analyst ratings.

TransAlta Analyst Price Targets 2026

18 analysts currently rate the TransAlta stock: 14 recommend buying, 3 holding and 1 selling. For 2026, analysts expect TransAlta to generate revenue of 2.11 B CAD and earnings per share of 0.37 CAD.

TransAlta Analyst Price Targets 2026

Converted at the current exchange rate, the TransAlta share trades at 10.86 EUR (17.56 CAD).

The TransAlta share (TA.TO) is listed on 5 stock exchanges, including: NYSE (TAC), Frankfurt (TZ1.F), München (TZ1.MU), Düsseldorf (TZ1.DU), Toronto (TA.TO).

Transalta Corp is a Canadian company that provides energy generation and transmission systems for various industries. The company is divided into three business segments: Power Generation, Energy Services, and Gas. The Power Generation segment is responsible for generating electricity from various sources including hydro, coal, gas, and wind. The Energy Services segment provides services and equipment for energy supply companies, including sales of boiler and turbine components, maintenance and repair services, and project services. The Gas segment focuses on using natural gas as a fuel for power generation and also sells natural gas to other energy companies in North America. TransAlta Corp also offers products such as electricity and liquefied natural gas to its customers. The company is working on integrating renewable energy sources like wind and solar into its power generation infrastructure. Its business model is based on providing cost-effective energy generation and transmission solutions to industrial customers and energy supply companies. TransAlta Corp aims to reduce its production costs through the use of technologies that improve the efficiency and performance of energy generation processes. With its strategy of diversification and expansion into different geographic regions, TransAlta is driving its growth. The company is able to offer innovative solutions tailored to its customers' specific requirements due to its strong financial position, effective risk management strategy, and strong partnerships.

The expected revenue of TransAlta is 2.11 B CAD. This figure is based on current financial data and reflects the company's business performance.

The expected profit of TransAlta is 109.39 M CAD. The net profit reflects the company's profitability after deducting all expenses.

The price-to-earnings ratio (P/E) of TransAlta is currently 47.67. The P/E ratio compares the current share price to the earnings per share and helps investors assess the valuation of the TransAlta stock.

The price-to-sales ratio (P/S) of TransAlta is currently 2.47. The P/S ratio compares the market capitalization to the annual revenue and serves as a valuation metric for the TransAlta stock.

The Eulerpool Quality Score for TransAlta is 1/10.

The ISIN of TransAlta is CA89346D1078. The ISIN (International Securities Identification Number) is a globally unique identifier for securities.

The WKN of TransAlta is 885412. The WKN (Wertpapierkennnummer) is a six-digit German security identification number.

The ticker of TransAlta is TA.TO. The ticker symbol is used to trade TransAlta shares on the stock exchange.

Over the past 12 months, TransAlta paid a dividend of 0.26 CAD . This corresponds to a dividend yield of about 1.45 %. For the coming 12 months, TransAlta is expected to pay a dividend of 0.29 CAD.

The current dividend yield of TransAlta is 1.45 %.

TransAlta pays a dividend, distributed in the months of , , , .

TransAlta paid dividends every year for the past 37 years.

For the upcoming 12 months, dividends amounting to 0.29 CAD are expected. This corresponds to a dividend yield of 1.66 %.

TransAlta is assigned to the 'Utilities' sector.

To receive the latest dividend of TransAlta from amounting to 0.07 CAD, you needed to have the stock in your portfolio before the ex-date on .

The last dividend was paid out on .

In the year 2025, TransAlta distributed 0.24 CAD as dividends.

The dividends of TransAlta are distributed in CAD.

All fundamentals and in-depth analysis of TransAlta

Our stock analysis for TransAlta stock includes important financial indicators such as revenue, profit, P/E ratio, P/S ratio, EBIT, as well as information on dividends. We also assess aspects such as stocks, market capitalization, debt, equity, and liabilities of TransAlta. If you are looking for more detailed information on these topics, we offer comprehensive analyses on our subpages.

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